Archive - Jun 2015 - Story

In a scene straight out of "The Shawshank Redemption", two convicted murderers apparently busted through a steel wall, maneuvered down catwalks, cut through a steel pipe, left a Post-it note with the message “Have A Nice Day”, and crawled their way to freedom, emerging from a manhole outside of a New York maximum security prison on Saturday.

Should a person or group that has never experienced what is known by all as “real life” while simultaneously being seen by many legal standards as not having the full credentials to be recognized as an “adult” have the ability to vote directly for, or vote for candidates responsible in the setting of the nations wage laws, tax laws, business law, national debt, business tax structures, business mandates, international trade policies, monetary policy, or most importantly – whether to send their brethren off to war where people die for real – not in some video game or movie?

In yet another sign that Russia and China are set to work together to extricate themselves from a dependence on the dollar specifically and on Western financial institutions more generally, Russia’s largest bank has, for the first time, extended yuan-denominated letters of credit in concert with the Chinese Export-Import bank.

Some events make us question in which of the two we might actually be living in: what if it was some version of Bizarro?

Earlier today, Barack Obama, together with 6 of the world's most powerful leaders (but certainly not Vladimir Putin) congregated in the Bavarian town of Krun where they will for the next two days hunker down at the luxurious Scholss Elmau for the latest G-7 meeting, covering an agenda dealing with climate change, global extremism, and of course, solving the Ukraine crisis (with or without instructions from George Soros on how to proceed). Serious stuff. Obama, however, decided to keep it "folksy" and the lame duck president, content with the direction the world is going, pulled a page right out of National Lampoons European vacation and kicked it back.

"Anshu Jain and Jürgen Fitschen, the embattled co-chief executives of Deutsche Bank AG, plan to announce their resignations, according to people familiar with the matter, an abrupt move that throws into question the future direction of one of the world’s largest banks," WSJ reports. John Cryan, former UBS CFO, is reportedly in line to take the helm. 

In the latest jobs report we find the following stunner: since the start of the Second Great Depression, the US has added 2.3 million "foreign-born" workers, offset by just 727K "native-born". This means that the "recovery" has almost entirely benefited foreign-born workers, to the tune fo 3 to 1 relative to native-born Americans!

Sometimes we get the feeling the ruling elites are investing the laws they enact with a kind of impertinent, slap-in-your-face black humor. How else to explain the Orwellian names given to the liberty-crushing laws that have been put in place since the “war on terror” started?

"In the United States, it took 18 quarters (4.5 years) before fixed business investment regained its pre-recession peak, in chain-volume terms. That compares with an average of just five quarters before business investment recovered to its peak level prior to the onset of previous post-War recessions; previously, it had never taken longer than three years for that milestone to be attained."

Ten months after we asked whether "The SEC Is Asking These Hedge Funds Why They All Rushed Into Allergan Last Quarter?" we find that the US market regulator indeed reads this website on a regular basis. As the WSJ reports the SEC has answered our question, and yes: the  SEC is finally asking not only "these" hedge funds why they all rushed into Allergan, but into every other collusive activist take out target.

On Saturday, Riyadh claimed Yemen's Iran-backed Houthis, in concert with forces loyal to former Yemeni President Ali Abdullah Saleh, for the first time fired a scud missile at Saudi Arabia.

Amid escalating violence in Ukraine,"the Obama administration officials are considering new deterrence strategies to rein in Russian meddling in Europe, in what some say would amount to an updated version of Cold War-era containment," WSJ reports.

Many of you undoubtedly think that your education is now over and it’s time to enter the “real world.”  I have news for you: you’ve been in that world for the last four years, hence the debt you’re dragging around behind you.  So, on a day when the sun’s in your eyes and it couldn’t be more apparent that the world’s not what you’ve been told it was, maybe you should apply the principles of the scam artist to the world you’re about to enter.  Unless you do so, you’ll simply be scammed again in the next phase of your life.

If Greek PM Alexis Tsipras is serious about sticking with the mandate that got Syriza elected, he got a rude awakening on Saturday when, insulted by the PM’s fire and brimstone speech to parliament, EU Commission President Jean-Claude Junker refused a meeting, noting that if Tsipras is serious about going down with the ship, there’s nothing left to talk about.

If you think the corporate-fascist state is overbearing and oppressive now, you ain’t seen nothing yet.